Artek Exploration Ltd ARKXF

RBC target on KEL now $12....

[teevee]

All the analysts glowing reports on how good this deal is for KEL and RBC's new $12 target on KEL simply points out how badly under priced the deal is and how bad it is for RTK.....KEL's nav recently reported at $8 and RTK's nav recently reported at $6......what could be more fair than a deal structured nav to nav? There is something wrong with how the securties commissions and stock exchanges accept so called fairness opinions that are not nav to nav, especially when they come from industry participants like brokers and bankers......all the brokers are encouraging everyone to tender and that in itself should be a warning to shareholders......why not vote against if a higher offer doesn't materialize?

[sherbrooke1]

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[Luminous]

RTK has been beaten to such a pulp that shareholders couldn't be happier, some won't make money but under the circumstances they'll be glad to walk away with a reduced loss. As for NAV's - what does it matter its what the going market price is at a point in time.

[teevee]

It matters quite a bit......for example, a fairness opinion should use the same metrics for both the buyer and seller, and the boards of both companies are behooved to consider what is fair as it is their feduciary duty and responsibility to do so.  There is no shortage of legal precident on that alone,  howver, there should be firmer rules on this for the protection of shareholders, and

[Luminous]

That's all fine but just saying buyouts always go by current market value.  KEL wouldn't buy them if it wasn't so cheap that's why they never did in the past.